Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC trimmed its holdings in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,115 shares of the information services provider’s stock after selling 2,970 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Hello Group were worth $532,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MOMO. E Fund Management Hong Kong Co. Ltd. grew its holdings in Hello Group by 352.2% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 111,601 shares of the information services provider’s stock worth $704,000 after acquiring an additional 86,923 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Hello Group by 14.2% during the first quarter. QRG Capital Management Inc. now owns 24,959 shares of the information services provider’s stock worth $157,000 after purchasing an additional 3,098 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Hello Group by 34.0% during the fourth quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock worth $122,000 after purchasing an additional 4,009 shares during the last quarter. Millennium Management LLC grew its stake in Hello Group by 1,590.1% in the fourth quarter. Millennium Management LLC now owns 174,536 shares of the information services provider’s stock worth $1,346,000 after purchasing an additional 164,209 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Hello Group by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 64,877 shares of the information services provider’s stock valued at $500,000 after buying an additional 2,280 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Up 1.4%

Shares of NASDAQ MOMO opened at $8.40 on Tuesday. The firm’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.88. Hello Group Inc. Sponsored ADR has a 52-week low of $5.12 and a 52-week high of $8.66. The stock has a market capitalization of $1.01 billion, a P/E ratio of 6.46 and a beta of 0.31.

Analyst Upgrades and Downgrades

MOMO has been the subject of several research reports. Wall Street Zen upgraded Hello Group from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.00.

About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.